Daily Archives: October 3, 2014

CATO: Michigan Gets A “D”

Rick Snyder's tax policies earned the state a 44 out of 100 score in CATO's recent 'Fiscal Policy Report Card'

The average score for Democrat Governors according to CATO’s recent fiscal report card is 46 of 100.

Rick Snyder Came in at 44.  Though RTW and the MBT repeal was applauded, the push for higher gas taxes and the bloated overall budget, as well as the long term cost of Medicaid expansion to taxpayers walloped his GPA.  Along with charts, comparisons, and analysis, Cato writes:

MICHIGAN Legislature: Republican
Rick Snyder, Republican Took office January 2011
Grade: D
Due to political correctness, the word 'dun**' is no longer allowed on head dressings.

Due to political correctness, the word ‘dun**’ is no longer allowed on head dressings.

After a successful business career, Governor Snyder came into office eager to help solve Michigan’s deep-seated economic problems. He has pursued many important reforms, such as spearheading the restructuring of Detroit’s finances and signing into law right-to-work legisla­tion. He repealed the damaging Michigan Business Tax and replaced it with a less harmful cor­porate income tax. In 2014 pushed through a phased-in elimination of property taxes on busi­ness equipment, which will help spur capital investment. The cut was approved by Michigan voters in August 2014.67

However, Snyder received a low grade on this year’s report card largely because he is support­ing a $1.2 billion-a-year fuel tax increase. That would be a huge hike, pushing up overall state tax revenues by nearly 5 percent.

He also scores fairly low on spending. The general fund budget increased 7.3 percent in 2013 and an estimated 7.8 percent in 2014. The governor also supported Medicaid expansion under the ACA, which will be a costly burden on Michigan taxpayers down the road.

Surprised?

While there can be absolutely ZERO expectation that Mark Schauer would fare any better, the expectation of fuel taxes increasing is realistic as Rick Snyder has said he wants to Increase revenue from fuel sales .

“Increasing revenue” as most reasonable folks know is code for higher taxes.

Call Rick Snyder TODAY and ask him why he wants to raise our taxes. (<- no number – see? we learn from those TV ads and postcards)

You Betcha! (18)Nuh Uh.(1)

Kevyn Acts None the Weiser

It would appear, Mr. Orr has learned his place within the U of M cronies.

NerdOrrWealthy patrons vowed to bankroll a legal fight between the Detroit Institute of Arts and the city before mediators reached a deal to save the city’s art collection, Emergency Manager Kevyn Orr testified Thursday.

Orr testified about behind-the-scenes pressure applied by the DIA and patrons who believed the multi-billion dollar art collection could not be sold and was held in public trust — and explained why the city didn’t hire an auction house tied to a local billionaire. A costly, prolonged legal fight threatened to delay Detroit’s attempt to shed $7 billion in debt and emerge from bankruptcy court.

While not naming names, Orr said patrons vowed to fight any attempts to sell the 60,000-piece collection. Many of Metro Detroit’s leading families, including generations of Fords, have donated art to the internationally renowned museum.

“High-value net worth individuals who have an interest in the (DIA) were motivated and had the wherewithal,” to support a legal fight, Orr testified.

The city believed it could sell pieces of the DIA collection purchased with city funds during the last century.

MORE

Thanks, Ron.

You Betcha! (16)Nuh Uh.(2)